Netflix, Inc. (NFLX) Stake Lowered by Guardian Life Insurance Co. of America

Guardian Life Insurance Co. of America lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 28.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 996 shares of the Internet television network’s stock after selling 402 shares during the period. Guardian Life Insurance Co. of America’s holdings in Netflix were worth $294,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. BlackRock Inc. lifted its stake in shares of Netflix by 4.2% in the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after purchasing an additional 1,069,420 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Netflix by 12.0% in the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after purchasing an additional 837,285 shares during the period. Geode Capital Management LLC lifted its stake in shares of Netflix by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock valued at $842,878,000 after purchasing an additional 143,321 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Netflix by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock valued at $729,077,000 after purchasing an additional 159,750 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Netflix by 2.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,565,543 shares of the Internet television network’s stock valued at $757,733,000 after purchasing an additional 59,075 shares during the period. Institutional investors own 77.20% of the company’s stock.

In related news, Director Leslie J. Kilgore sold 560 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $334.05, for a total value of $187,068.00. Following the completion of the sale, the director now directly owns 35,756 shares in the company, valued at $11,944,291.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 86,037 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $329.73, for a total transaction of $28,368,980.01. Following the completion of the sale, the chief executive officer now owns 86,037 shares of the company’s stock, valued at $28,368,980.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 272,238 shares of company stock valued at $87,879,974. 4.29% of the stock is owned by insiders.

Several analysts recently commented on NFLX shares. Piper Jaffray Companies raised their price objective on shares of Netflix from $360.00 to $367.00 in a research note on Tuesday, April 17th. Loop Capital lifted their target price on shares of Netflix from $325.00 to $330.00 in a research report on Tuesday, April 17th. UBS lifted their target price on shares of Netflix from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. MKM Partners lifted their target price on shares of Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $269.10 target price for the company in a research report on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of “Buy” and an average price target of $296.12.

Netflix opened at $349.29 on Friday, MarketBeat Ratings reports. Netflix, Inc. has a 1 year low of $144.25 and a 1 year high of $354.00. The company has a market capitalization of $149.85 billion, a P/E ratio of 279.43, a P/E/G ratio of 4.49 and a beta of 0.97. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. Netflix’s revenue was up 40.3% compared to the same quarter last year. research analysts predict that Netflix, Inc. will post 2.88 earnings per share for the current year.

Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply